French clothing retailer Vivarte, which is aiming to restructure more than 1.3 billion euros of debt, has agreed to offload its Kookai brand to Australian company Magi as part of Vivarte's ongoing sell-off programme.

Private-equity backed French clothing retailer Vivarte, which is aiming to restructure more than 1.3 billion euros (1.08 billion pounds) of debt, has agreed to sell its Pataugas shoe brand to Hopps Group.

Private-equity backed French clothing retailer Vivarte, in talks to restructure more than 1.3 billion euros ($1.4 billion) of debt, has sealed a deal with its lenders, chairman and chief executive Patrick Puy has said.

French clothing retailer Vivarte said on Friday it had picked a new chief executive and that one of its main shareholder, investment fund GoldenTree Asset Management LLC, was looking to reduce its stake in the company.